How to make International Joint Ventures successful?

How to make International Joint Ventures successful in terms of performance? When facing so many problems may occur.

Public Comments

1. Define several mesurable matrices - are they apples to apples? Usually not, so both sides have to come to terms with what results and expectations and criteria are fair. Break up the goal attainment into compartmentalized segments and have cross polinized review (semi-annual tours of each others operations in addition to telecommuting regularity (again times should be defined)...That's the surface.

Basic snares: pace and business conduct are different everywhere. There has to be some degree of trust, but it is better I think to do some sort of amalgamation of interests over time if benchmark results are met. In other words, have a common project, have limitted mutual inroads made - label it a project, and "see how it tastes before you have a whole meal".

Hope that helps, but you should really consider bringing on a consultant to lead a project team with representation from both parties and come up with a proposal.

Some ideas...good luck!